STRASSER STEVEN Z 4
4 · POWER EFFICIENCY CORP · Filed Feb 25, 2010
Insider Transaction Report
Form 4
STRASSER STEVEN Z
DirectorCEO10% Owner
Transactions
- Purchase
Common Stock Warrants
2010-02-24+93,750→ 93,750 totalExercise: $0.40Exp: 2014-12-10→ Common Stock (93,750 underlying) - Purchase
Series C-1 Preferred Stock
2010-02-24$40.00/sh+1,875$75,000→ 8,125 totalExercise: $0.30→ Common Stock (250,000 underlying)
Footnotes (4)
- [F1]Immediately
- [F2]None
- [F3]These warrants were part of a purchase of Series C-1 Convertible Preferred Stock as described above.
- [F4]On December 11, 2010, the Series C-1 Convertible Preferred Stock conversion price increases to $0.40, and the amount of underlying common stock the Series C-1 Convertible Preferred Stock converts into becomes 187,500.